28 ms·

How is this true? I think our home was 2x our family income. It’s been paid off for a while.

• wheelinsupial 5y ago
  What’s hard to believe about this? Do you think the analysis is wrong? Since you’ve given an anecdote, I’ll share mine. I make more than the median income where I live. The closest place that matches 2x my income is more than 100km away from me and it’s a mobile home. My current apartment is 3.5 times what I earn, but that’s because I bought it 5 years ago when it was 4.3 times what I earned. If I sold this apartment today, then someone earning the median income would be paying at least 7.5 times their income. 30+ years ago my parents bought a house for less than what I paid for my apartment. They also earned more than 2x what I earn now. So they might have been in a similar situation to you had they not gotten divorced. People buying that same house now have to pay 10-12 times income if they make what my parents did. Closer to 20 times income if they earn a median income.